Top Ten Smart Money Moves – August 17, 2017
Top Ten Smart Money Moves, starting January 2015, is the official trading newsletter of The Responsible Trader to promote his advocacy, Responsible Trading. This newsletter contains the previous day’s data from PSE, the Top Ten Foreign Buying and Selling, Top Ten in Total Traded Value, including Trading Notes based on the data of the previous day. This newsletter is given free to all the friends of The Responsible Trader and to members of the Facebook group and the other organizations where he is a member. For the previous issue where complete details about the newsletter was fully discussed, please refer to: Daily Top Tens October 17, 2014.
Trading Notes for Today – (Based on August 17, 2017 Data)
Total Traded Value – PhP 6.313 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 111 Advances vs. 77 Declines = 1.44:1 Neutral
Total Foreign Buying – PhP 3.398 Billion
Total Foreign Selling – (PhP 3.045) Billion
Net Foreign Buying (Selling) –PhP 0.353 Billion – eighth day of Net Foreign Buying after a day of Net Foreign Selling
Data from the Philippine Stock Exchange
Screenshot courtesy of: www.pse.com.ph
PSE HEAT MAP
Screenshot courtesy of PSEGET
Top Ten Foreign Buying and Selling
Top Ten in Total Traded Value
Top Ten Gainers and Losers
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
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2nd quarter GDP data fuel bourse to extend gains
August 18, 2017
THE Philippine Stock Exchange index (PSEi) yesterday extended gains for the fourth straight day to close in on its record-high finish more than two years ago, driven this time by second-quarter economic growth data that kept the country in Asia’s lead in this regard.
The 30-member bellwether index hit an 8,105.01 intraday peak before tempering early gains to close the day at 8,072.75, 26.16 points or 0.32% more than the preceding day’s finish. The all-shares index similarly rose by 9.8 points or 0.2% to end 4,760.89.
It remains to be seen today whether PSEi will test or top its record-high finish of 8,127.48 recorded on April 10, 2015.
“It was still up after the fourth day, after the release of GDP (gross domestic product) wherein GDP was at 6.5%. So clearly it’s saying that the growth of our economy locally is moving upward despite high spending during the election last year,” Diversified Securities, Inc. equities analyst Aniceto K. Pangan said in a phone interview yesterday. “This created a positive investor sentiment further moving the market upwards.”
The Philippine Statistics Authority reported yesterday that GDP grew by 6.5% last quarter, a tad faster than January-March’s 6.4% but slower than the year-ago 7.1% that benefited from spending related to the May general elections. Year-to-date GDP growth now averages 6.45% against the government’s 6.5-7.5% full-year target for 2017.
For Regina Capital Development Corp. Managing Director Luis A. Limlingan, “Philippine equities met with a lukewarm reception the latest 2Q GDP figure, as the 6.5% mark was slightly above the median estimate of 6.4%.”
“Investors still bought into the news as the index attempted another crack at the 8,100 level.”
A total of 1.17 billion shares worth P6.31 billion changed hands, compared to Wednesday’s 1.54 billion issues worth P12.74 billion.
Advancers beat decliners, 111 to 77, while 55 issues were unchanged.
Sectoral indices were equally divided between those that gained and those that lost.
Advancers consisted of property that increased by 27.04 points or 0.71% to close at 3,826.8, financials rose 13.84 points or 0.69% to 2,012.47 and services climbed 10.64 points or 0.62% to 1,711.64.
Those that lost consisted of holding firms that declined by 8.59 points or 0.10% to finish 7907.37, mining and oil which dipped by 12.61 points or 0.09% to 12,864.95 and industrial which shed 9.68 points or 0.08% to close 11,059.7.
The bourse yesterday marked its eighth straight trading day of net foreign buying, recording P352.81 million that was the biggest in seven days.
Source: http://bworldonline.com/2nd-quarter-gdp-data-fuel-bourse-extend-gains/
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In line with our VISION, A RESPONSIBLE IN EVERY FILIPINOS HOME, we aim to continue promoting financial literacy on the area of stock market trading and investing to our countrymen both here and abroad through the following:
1. The Book: “The Responsible Trader – a Thinking Person’s Guide for Trading the Philippine Stock Market” now earned the name “The Bible of Philippine Trading.” You can download Chapter 1, Section 1 of the book here: http://theresponsibletrader.com/the-responsible-trader-hope-for-trading-knowledge-test/. For those interested in the hard copy, please send email to: ninjatrader919@gmail.com Subject: The Responsible Trader – Hard Copy.
As requested by those abroad and those who want the book in digital form, we have produced an eBook version. For those interested please send email to: ninjatrader19@gmail.com Subject: The Responsible Trader – eBook Version.
The book continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:
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Good luck on all your TRADES today.
DISCLAIMER There is a very high degree of risk involved in TRADING. Past results are not indicative of future returns. Nothing contained in this newsletter constitutes a solicitation, recommendation, PROMOTION or endorsement of any security. In accordance with the Responsible TRADER’s Creed: I will never tell and you take full responsibility for all your TRADING results
NOTES: Please take note of the following changes. Effective August 6, 2015: 1. Caption Market Breadth has been changed to Total Traded Value to simplify the presentation. 2. Market Breadth is expressed in terms of Number of Advances and Declines. Expressing this as a Ratio by using the larger number as Numerator we derive the Market Sentiment whether Bullish or Bearish. 3. Based on Past three-year data of Average Total Traded Values, following classifications will be used to make the presentation more relevant to present times. a. Low – Total Traded Value less than PhP 8 Billion b. Medium – Total Traded Value Php 8 Billion but not more than P15 Billion c. High – Total Traded Value more than Php 15 Billion.
Starting with August 11, 2017 data we are including the Top Ten Gainers and Losers for a more comprehensive coverage of significant stock movements during the day.